tv Business Deutsche Welle October 12, 2019 5:15am-5:31am CEST
are an erring on the side of caution some bold will get their photo no matter what . i'm getting from that but because it could it could not get ugly and think that the joke but i've always thought i'd be driving to the model morning of the day every day you. know the area is a little less lively and for hanoi visitors there will be no more photos souvenirs like these. and you're watching the news live from berlin next peiser don't forget you can get all the latest news around the clock our website and steve dot com. where i come from we have to fight for a free press and was born and raised in a new town with the painter ship with just one t.v. shadow and if you just pay for this one official information as a journalist i have walked off the streets like many can trust and they have problems are always the same 14 the social inequality
a lack of the freedom of the press. go up should we can afford to stay silent when it comes to the fans of the human seem right to fools who have decided to put their trust in us. my name is jenny harrison anywhere in the. u.s. says it has an initial trade deal with china and delays tariffs that's hit chinese goods next week but will a partial deal take away the trade uncertainty that settled over the global economy . also on the show ethiopia's prime minister was just awarded the 2019 nobel peace prize will look at the end vicious. reforms he spearheaded at home. and
italian cheese is about to get more expensive for americans the u.s. is set to impose penalty tariffs on european products in retaliation for e.u. subsidies to plane maker air bus. this is your business report i'm stephen beards in brylin thanks for watching the u.s. and china have agreed on a partial trade deal according to u.s. president trump that means the u.s. is suspending plans to increase tariffs next tuesday on about $250000000000.00 of chinese imports trump and chinese president xi jinping could sign the partial agreement as early as november investors welcome the news with u.s. markets ending the day higher. i'll take a look at this with our financial correspondent in new york quarter and now yes markets have been looking forward to a trade agreement and in particular to this meeting between trump and you all day what do they make of this trade deal. well there is some relief on
a wall street but it will be very interesting to see how the market opens on monday because they have been so many headlines and shortly before the markets closed at some point we saw blue chips trading up by more than 500 points what we did not end on the high note the market at the end again a good 300 points what still is a pretty decent trading session but overall u.s. president donald trump mentioned that it will take 3 to 5 weeks before we will have something. written so a lot of things that we still we still need to figure out and i think investors on wall street will need the weekend to really sort out all the headlines that we just got shortly before the market closed then as we know that the u.s. had a sprawling wish list when it came to these negotiations from closing the trade deficit to curbing some of these technology transfers that they accuse china of what does
this deal appear to do that appealed to cover these comprehensive areas. and well i mean 1st of all the deal will be broken up in different faces so right now we are talking about face a that is supposed to be done within $3.00 to $5.00 weeks that will mainly include purchases sell for u.s. army culture products at least for u.s. farmers that seems to be good news we are kind of shy of all the other details but what is very unlikely to happen and we've talked about it all week long is that u.s. corporations are still having a really tough time to make investment decisions because there's still so many open questions when it comes to intellectual property when it comes to subsidies for chinese run companies so if you're a manager if you run a call peroration and you're still in this uncertain environment you're probably still very hesitant to make big investments so unfortunately even if those talks
showed some progress well we still there's still this uncertainty and that will be with us for quite some time even if the u.s. president donald trump is saying that the trade war is short. getting to an end a very good point whether this uncertainty is taken away by a partial trade deal there 1st in new york thank you. mastercard and e-bay have all backed out of facebook's libra cryptocurrency plans it's a major blow to the project as it faces headwinds from regulators payment companies strike join the defectors on friday following pay pal which backed out last week told the wall street journal it could rejoin the project if it won regulatory approval governments have vowed to put the brakes on libra citing consumer risk and the challenge their monetary sovereignty. over the africa he's
risen to political stardom on the continent and on friday he received a 21000 nobel peace prize for his role as a unifier ethiopian prime minister abi ahmed made peace with neighboring eritrea thus ending one of africa's longest running conflicts within ethiopia obvious known for rapid economic reforms and getting the country back on its feet after decades of war and poverty. since becoming ethiopian prime minister in april 28th seen as being hailed as a visionary reformer but analysts fret that his policies are too much too fast for the political old and at the same time too little too late for the country's angry youth whose protests swept him to power be himself says he's pro jobs program and pro inclusive of the on the pathway to prosperity and it seems his agenda is delivering results. on it looking at the general supply and demand there
are indications that the economy is recovering. the economic indicators show that our economy is growing at a rate of 9.2 percent this financial year. his policies have included privatization of key state owned enterprises and a proposal to partly privatized ethiopia's national airline but although he's pushed to liberalize his country's economy he's coupled. reforms with reforms to civil society and human rights the country still has a long way to go though just 44 percent of the population has electricity so ethiopia is doing everything it can to attract foreign investment and opportunity that the chinese are only too happy to take advantage of with generous loans but that's a double edged sword in september the un told ethiopia it must get its foreign debt under control. india and china together make up nearly one 5th of the global
economy and then in time of weakening global growth and trade protect protectionism they may share more economic common ground then differences just one reason why chinese president xi jinping is visit to india is being closely watched. the 2 asian powerhouses have a complicated relationship and india is putting on a smiling face to welcome xi jinping. the heartfelt hello can't mask the challenges though in the past few years india has been left behind as china's economic growth has shot ahead china's economy is now 5 times out of india's. the 2 leaders will try to break the lengthy deadlock over a free trade agreement china is india's largest trading partner to trade war with the us means china wants to boost trade with india. foreign direct investment into india has risen to about $45000000000.00 and china is keen to be a major player in the growing indian market. indians love chinese
smartphones and other equipment but india wants more trade going the other way to bring down the $57000000000.00 trade deficit. there are common interests but warm friendship has proven elusive the indians dislike china's close ties with bitter rival pakistan to china pakistan economic corridor is a key part of she's belgian road initiative she met pakistan's prime minister imran khan this week for talks. only if india and china can put these disputes on hold and they face into a future of joint cooperation. and let's take a look at some of the other global business stories making headlines. boeing has stripped c.e.o. dennis miller berg of his role as board chairman saying the move will allow him to focus on bringing back the company's 737 max jetliner from its worldwide grounding the director david cole who will take over as non-executive chairman according to
the company. germany's federal transportation authority has ordered carmaker dime learned to recall hundreds of thousands of vehicles the recall is based on an unapproved emissions technology in diesel engines and that affects most of dollars product range dollars says it will appeal the decision and plans to cooperate with the authorities. the u.s. is set to impose a 25 percent levy on a range of agricultural products from europe next week the plan follows a world trade organization ruling that the e.u. had illegally subsidized aviation giant air bus to the detriment of u.s. rival boeing dispute is still ongoing but european food producers are already sounding the alarm. this is parma the italian province that's been producing hard cheese for 9 centuries. to an event to nellie's families be not it since $895.00. much of his product is banned for the united
states it's the 2nd most important export market for parmigiano after france. but one week from now the cheese will be subject to a 25 percent tariff. for the whole region of parmigiano reggiano for us farmers this was a slap in the face because of course when we no longer have that export market for the cheese will be forced to lower the price here and after that we won't make any money everything we earn is from parmigiano reggiano or. parmesan cheese is just one of many european agricultural products the united states is targeting up to the world trade organization rules that the e.u. had been illegally subsidizing aviation chide airbus or other goods affected include french wine. and spanish almost.
in madrid farmers have been taking to the streets to voice their opposition to the levy. but are no good obit to trump wants to impose a 25 percent tariff and we can't compete at that price in the traditional olive groves are going to ruin them. with trade tension between the united states and the european union he sing up many farmers fear an olive branch alone won't be enough to end this dispute. and that's it for me and the business team here in berlin you can of course find out about these and other stories online a d w dot com slash business i'm seeing there's the lead that's watching.
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